Na czym polega ICO?

ICO, or Initial Coin Offering, is a crowdfunding method that involves startups collecting capital through cryptocurrencies. The creators offer potential investors tokens at a specified price, which they use to fund their idea and promise high profits from the sale of the given cryptocurrency after entering the exchange in return. Some have managed to raise millions of dollars in this way. The entire weight of verifying projects and their teams rested on users. Unfortunately, some ICOs were scams or simply poorly thought-out projects, and investors suffered losses and were left with worthless tokens instead of expected profits. In this industry, good marketing is essential because people rarely read the whitepaper, which is a detailed description of the project. Therefore, an attractive website and catchy slogans and promises were often the only reason why the community decided to invest.

ICO, which stands for Initial Coin Offering, is a form of fundraising for the development of projects based on blockchain technology. It involves issuing and selling new cryptocurrencies in exchange for existing digital currencies, such as Bitcoin or Ethereum. Investors who participate in ICOs receive tokens that represent a specific stake in the project. This is a way to raise funds for further project development without having to rely on traditional financing methods.